Type Private Headquarters San Francisco, CA Website www.siftscience.com | Industry Fraud_deterrence Area served United States Founded 2011 | |
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Founders Jason Tan, Brandon Ballinger | ||
Sift Science is a fraud detection solution for websites and mobile applications. The platform utilizes large-scale machine learning to detect fraudulent users, activity, and transactions. Customers use the Sift Science Console to visualize an order's likelihood of fraud on a 100-point scale, known as the Sift Score, with the goal of reducing e-commerce chargebacks, fake accounts, and other types of online fraud. The site also offers free resources and educational materials that introduce new online merchants to the aspects of e-commerce and risk management. Customers customize their Sift Science machine learning models based by adding custom data fields and events.
Contents
- Sift science interview with jason tan ceo and fred sadaghiani cto
- History
- Funding
- Data Visualization
- Customers
- Partnerships
- References
Sift science interview with jason tan ceo and fred sadaghiani cto
History
Sift Science was founded June 1, 2011 and publicly launched its product on March 19, 2013. The company cofounders, Jason Tan and Brandon Ballinger, are graduates of the startup accelerator Y Combinator, known for its competitiveness and networking opportunities. In 2014, Sift Science was named a big data company to watch in Fortune Magazine.
In March 2014, Sift Science won the MRC METAward in the start-up category.
In the summer of 2014, Sift Science gained greater attention in the web developer community with the publication of a blog post highlighting Seven Habits of Highly Fraudulent Users.
Funding
Sift Science has received $53.6 million in four funding rounds. The seed funding round of $1.6 million, raised September 1, 2011, included support from investors such as Marc Benioff, Max Levchin, Alexis Ohanian, and 7 others. In 2013, Sift Science received $4 million in Series A funding, led by First Round and Union Square Ventures. Led by Spark Capital, Sift Science received $18 million in Series B funding in April 2014. The Sift Science Board of Directors includes representation from Spark Capital and Union Square Ventures. In 2016, Sift Science raised $30 million in a Series C round led by Insight Venture Partners.
Data Visualization
Sift Science has been recognized for its data visualization and intuitive user interface.
Customers
A variety of websites use Sift Science to detect fraud. Online marketplace Listia uses Sift Science to reduce promotional credit abuse. Sift Science lists Airbnb, OpenTable, Kickstarter, Match.com, Indeed, and JackThreads among its customers.
Partnerships
Sift Science plug-ins are available on Shopify, Magento, and Miva Merchant e-commerce platforms.